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Gate.io Will Provide POINTs to Alleviate Users’ Losses from HT Forced Liquidations Caused by Extreme HT Market Volatility on March 9

2023-03-12 10:49:14 UTC 26751

[//]:content-type-MARKDOWN-DONOT-DELETE
Due to dramatic HT price fluctuations occurring around 21-22:00 on March 9, 2023, many HT spot margin traders’ HT positions were forced liquidated at significant loss. To alleviate users’ losses  in extreme market conditions, Gate.io has decided to provide compensation  in the form of Gate.io Points to users whose spot margin HT positions were liquidated at a loss during the market fluctuations from  2023-03-09 21:01:06 to 2023-03-09 22:03:12; In the case the liquidated assets could not fully repay its outstanding loan, Gate.io will repay the remaining loan in excess of liquidated value using its own funds for users.

Below are more details:
Period: 2023-03-09 21:01:06  ->  2023-03-09 22:03:12

HT Benchmark Price: 3.9 USDT

Markets:
HT spot margin trading markets

1. Who can get Points compensation:
Any one whose spot margin HT position was liquidated at an average price below 3.9 USDT per HT during the perod from 2023-03-09 21:01:06 to  2023-03-09 22:03:12

2. How many Points will you receive?
Points you will receive = HT quantity being liquidated  X (3.9 USDT- Average HT liqudation Price )/1

3. What is Gate.io Point?
Gate.io Point can be used to pay trading fee on Gate.io. 1 Gate.io Point=1 USDT in trading fee.

If you suffered a loss from the HT liquidations in spot margin markets during the above mentioned period, please fill the form below. We will give you the Points as soon as we complete the information collection for affected users.

Apply for compensation here: https://www.gate.io/questionnaire/3093

Should you have any questions, don't hesitate to  contact us via our 24/7 support.

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Gate.io Team
March 12, 2023

Gate.io Will Provide POINTs to Alleviate Users’ Losses from HT Forced Liquidations Caused by Extreme HT Market Volatility on March 9

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